Sysco Co. (NYSE:SYY) Shares Sold by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC cut its stake in shares of Sysco Co. (NYSE:SYY - Free Report) by 27.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,103 shares of the company's stock after selling 22,323 shares during the period. Insight Wealth Strategies LLC's holdings in Sysco were worth $4,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. State Street Corp grew its holdings in Sysco by 11.1% during the 3rd quarter. State Street Corp now owns 27,294,612 shares of the company's stock valued at $2,130,617,000 after purchasing an additional 2,721,449 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Sysco by 26.1% during the second quarter. Ameriprise Financial Inc. now owns 8,623,178 shares of the company's stock valued at $615,076,000 after buying an additional 1,782,180 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Sysco by 11.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 6,685,547 shares of the company's stock worth $521,874,000 after buying an additional 672,940 shares during the period. Primecap Management Co. CA lifted its stake in shares of Sysco by 9.7% during the 3rd quarter. Primecap Management Co. CA now owns 4,796,439 shares of the company's stock worth $374,410,000 after acquiring an additional 422,954 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. grew its position in Sysco by 8.5% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 4,790,665 shares of the company's stock valued at $366,789,000 after acquiring an additional 375,409 shares during the last quarter. 83.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Sysco news, Director Sheila Talton sold 2,900 shares of Sysco stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total transaction of $216,427.00. Following the completion of the sale, the director now directly owns 12,955 shares in the company, valued at approximately $966,831.65. The trade was a 18.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Greg D. Bertrand sold 48,027 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total transaction of $3,698,079.00. Following the completion of the sale, the executive vice president now directly owns 56,304 shares in the company, valued at $4,335,408. This trade represents a 46.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,306 shares of company stock valued at $6,485,050. Insiders own 0.54% of the company's stock.

Sysco Stock Down 0.9 %

Shares of NYSE SYY traded down $0.67 during trading hours on Monday, hitting $74.76. 1,690,711 shares of the stock were exchanged, compared to its average volume of 1,687,203. The company has a market cap of $36.72 billion, a PE ratio of 19.22, a PEG ratio of 2.10 and a beta of 1.18. Sysco Co. has a 12 month low of $69.03 and a 12 month high of $82.89. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38. The firm has a fifty day moving average price of $77.04 and a 200-day moving average price of $75.72.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.04). Sysco had a net margin of 2.44% and a return on equity of 101.04%. The business had revenue of $20.48 billion for the quarter, compared to analysts' expectations of $20.47 billion. During the same quarter in the prior year, the company posted $1.07 EPS. The business's revenue for the quarter was up 4.4% on a year-over-year basis. On average, sell-side analysts expect that Sysco Co. will post 4.57 EPS for the current year.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $2.04 dividend on an annualized basis and a yield of 2.73%. Sysco's payout ratio is 52.44%.

Wall Street Analysts Forecast Growth

SYY has been the subject of several research analyst reports. Melius Research upgraded Sysco to a "hold" rating in a research report on Wednesday, December 18th. Melius started coverage on shares of Sysco in a research report on Wednesday, December 18th. They issued a "hold" rating and a $85.00 price objective for the company. StockNews.com lowered shares of Sysco from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. boosted their price target on Sysco from $85.00 to $88.00 and gave the company an "overweight" rating in a report on Monday, September 16th. Finally, Wells Fargo & Company decreased their target price on Sysco from $87.00 to $82.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Sysco presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.93.

Sysco Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.